Experience carefree living in this beautifully maintained 2-bedroom, 1-bath life lease condo. Thoughtfully designed for comfort and accessibility, the home offers bright living spaces, ample storage, and a warm, welcoming atmosphere. Spend less time on maintenance and more time enjoying the benefits of community living, with shared amenities and convenient access to local shops, dining, and recreational opportunities. A wonderful place to call home for those seeking affordability, security, and a strong sense of belonging.
2 bedrooms, 1 bathroom, about 800 sq ft, works out to roughly $272 per square foot. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 511 Gainsborough Rd #307
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
800-899 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
511 Gainsborough Rd #307 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,070
/mo
based on the purchase price of $217,900
$43,580 cash
$174,320 financed
$146,823 total interest
Principal54%$174,320
Interest46%$146,823
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
Own a home on Gainsborough Road? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 511 Gainsborough Rd #307 with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 511 Gainsborough Rd #307 day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in London
Other 2-bed homes for sale in London around $218K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings2,461Homes for sale here right now.
Median vs prior 90 days−1.7%Compared with Apr 24 – Jul 23, 2026: prices down.
Based on 1,800 sales from Jul 23 – Oct 21, 2026 (1,462 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
2 for sale at 511 Gainsborough Rd — plus its sale and lease history.
511 Gainsborough Rd #307 is listed at $217,900 (MLS® X13677468). Summitly updates the price as soon as the MLS® record changes.
Is $217,900 a good price for 511 Gainsborough Rd #307?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in London. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 511 Gainsborough Rd #307 changed?
Yes — it was first listed at $224,900 and is now $217,900, a drop of $7,000 (3.1%).
How many bedrooms and bathrooms does 511 Gainsborough Rd #307 have?
511 Gainsborough Rd #307 has 2 bedrooms and 1 bathroom, with about 800–899 square feet of living space. It is a condo in London.
How much would the monthly mortgage be on 511 Gainsborough Rd #307?
About $1,070 a month — principal and interest on $217,900 with 20% down ($43,580), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 511 Gainsborough Rd #307 compare with other homes in London?
Its asking price of $217,900 is about 61% below the median sold price in London over the last 90 days, $559,950, across 1,800 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 511 Gainsborough Rd #307 been sold before?
Summitly has no earlier MLS® sale or lease of 511 Gainsborough Rd #307 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 511 Gainsborough Rd #307?
511 Gainsborough Rd #307 is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 511 Gainsborough Rd #307 been on the market?
68 days — 511 Gainsborough Rd #307 was listed on August 14, 2026.
What is the price per square foot of 511 Gainsborough Rd #307?
About $242 to $272 per square foot: the asking price of $217,900 over the 800–899 sq ft the listing gives as its size range.
Does 511 Gainsborough Rd #307 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
Does 511 Gainsborough Rd #307 have a basement, and is it finished?
The listing says 511 Gainsborough Rd #307 has no basement.
